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Hong Kong economy on track for fifth straight quarter of 'moderate' growth, minister Paul Chan says

Finance chief Paul Chan vows to pursue new opportunities for economic growth, with local spending set for boost through mega events in coming months.

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Hong Kong finance chief Paul Chan hails move by mainland China's securities regulator to ease trading rules with city

China Securities Regulatory Commission on Friday announce five measures to further enhance connectivity between mainland and Hong Kong capital markets.

Hangzhou , Zhejiang , China , Suzhou , Jiangsu , Shenzhen , Guangdong , Macau , Hong-kong , Jilin , Beijing ,

Hong Kong to encourage more diverse offshore Rmb products: Paul Chan

The SAR’s financial secretary re-emphasised the city’s role as an offshore Renminbi business hub during a presentation, not long after Hong Kong's 2024-25 budget.

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Hong Kong's Paul Chan says Beijing's 5% annual growth target 'not easy, but achievable' and offers strong backing for local development

Finance chief also says country’s push to open ‘its door wider’ to world will allow Hong Kong to use exhibitions on mainland to promote its own events.

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Hong Kong budget 2024-25: finance chief Paul Chan scraps all property curbs in drastic bid to boost ailing market

Sluggish economy and shrinking fiscal reserves are among challenges for Paul Chan as he lays out budget blueprint for the coming financial year.

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Hong Kong Scraps Property Curbs to Boost Weak Housing Market

(Bloomberg) -- Hong Kong’s government is removing cooling measures on housing to boost the lackluster market and will provide additional funds to support tourism as part of a sweeping plan to revive growth in the financial hub. Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldOffice Tower Deal for $1 Reveals Anxiety Among Longtime BuyersA Spike in Heart Disease Deaths Since Covid Is Puzzling Sci

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Hong Kong scraps property tightening measures to aid economic recovery

HONG KONG (Reuters) -Hong Kong on Wednesday announced major measures to bolster its flagging real estate market by scrapping all tightening measures for residential properties, aimed at helping the city's economy which is expected to grow at a tepid 2.5%-3.5% this year. The financial hub will cancel all additional stamp duties on transactions and waive stamp duties payable on the transfer of REIT units, Hong Kong Financial Secretary Paul Chan told lawmakers in his annual budget. Noting challenges including high interest rates, a complex geopolitical environment as well as ballooning recent budget deficits, Chan announced a mix of measures spanning property, tourism and financial services to lure back capital, businesses and visitors to the city, as well as restore fiscal balance.

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12 things to know about Hong Kong's budget and how it will affect you

Immediate scrapping of property curbs, issuing of large amounts of bonds for infrastructure among measures unveiled in finance chief Paul Chan’s budget address.

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